AGEDI: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
AGEDI
Largest movements
- Cash -€27,096
down €27,096 (-63.2%), from €42,855 to €15,759
mainly Other debts (-€29,581) and Contributions, distributions and other (-€12,873)
- Tangible fixed assets -€3,118
down €3,118 (-35.9%), from €8,691 to €5,573
of which Furniture and vehicles: -€2,198
- Receivables within one year -€3,035
down €3,035 (-49.9%), from €6,079 to €3,044
- Deferred charges and accrued income +€1,799
up €1,799 (+10.5%), from €17,209 to €19,007
- Other debts -€29,581
down €29,581 (-58.9%), from €50,192 to €20,611
- Current portion of long-term debt -€1,380
down €1,380 (-100.0%), from €1,380 to €0
- Tax, wage and social debts -€1,064
down €1,064 (-52.6%), from €2,023 to €959
of which Remuneration and social security: -€2,023
- Depreciation -€2,969
down €2,969 (-35.0%), from €8,480 to €5,512
- Staff costs +€1,631
up €1,631 (+17.1%), from €9,563 to €11,194
- Taxes +€1,026
up €1,026, from €0 to €1,026
- Gross operating margin +€919
up €919 (+3.0%), from €30,599 to €31,518
- Other operating charges +€332
up €332 (+51.5%), from €645 to €977
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,694 | €43,639 | -€32,055 | -42.3% |
| Fixed assets | 21/28 | €9,552 | €5,828 | -€3,723 | -39.0% |
| Intangible fixed assets | 21 | €860 | €255 | -€605 | -70.3% |
| Tangible fixed assets | 22/27 | €8,691 | €5,573 | -€3,118 | -35.9% |
| Plant, machinery and equipment | 23 | €2,132 | €1,212 | -€920 | -43.1% |
| Furniture and vehicles | 24 | €6,559 | €4,361 | -€2,198 | -33.5% |
| Current assets | 29/58 | €66,143 | €37,810 | -€28,332 | -42.8% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €6,079 | €3,044 | -€3,035 | -49.9% |
| Other amounts receivable | 41 | €6,079 | €3,044 | -€3,035 | -49.9% |
| Cash at bank and in hand | 54/58 | €42,855 | €15,759 | -€27,096 | -63.2% |
| Deferred charges and accrued income | 490/1 | €17,209 | €19,007 | +€1,799 | +10.5% |
| Total equity and liabilities | 10/49 | €75,694 | €43,639 | -€32,055 | -42.3% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,234 | €23,179 | -€32,055 | -58.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €53,734 | €21,679 | -€32,055 | -59.7% |
| Current portion of amounts payable after more than one year | 42 | €1,380 | €0 | -€1,380 | -100.0% |
| Trade debts | 44 | €139 | €109 | -€30 | -21.9% |
| Suppliers | 440/4 | €139 | €109 | -€30 | -21.9% |
| Taxes, remuneration and social security | 45 | €2,023 | €959 | -€1,064 | -52.6% |
| Taxes | 450/3 | €0 | €959 | +€959 | |
| Remuneration and social security | 454/9 | €2,023 | €0 | -€2,023 | -100.0% |
| Other amounts payable | 47/48 | €50,192 | €20,611 | -€29,581 | -58.9% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €9,563 | €11,194 | +€1,631 | +17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,480 | €5,512 | -€2,969 | -35.0% |
| Other operating charges | 640/8 | €645 | €977 | +€332 | +51.5% |
| Gross operating margin | 9900 | €30,599 | €31,518 | +€919 | +3.0% |
| Operating profit (loss) | 9901 | €11,911 | €13,836 | +€1,925 | +16.2% |
| Financial income | 75/76B | €350 | €221 | -€128 | -36.7% |
| Recurring financial income | 75 | €350 | €221 | -€128 | -36.7% |
| Financial charges | 65/66B | €207 | €158 | -€49 | -23.7% |
| Recurring financial charges | 65 | €207 | €158 | -€49 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €12,053 | €13,899 | +€1,846 | +15.3% |
| Income taxes | 67/77 | €0 | €1,026 | +€1,026 | |
| Profit (loss) for the period | 9904 | €12,053 | €12,873 | +€820 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,053 | €12,873 | +€820 | +6.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.